Globalization And its Impacts on human life
“Globalization is an effort to
wipe out barriers, especially in trade.”
It
is a process by which resources, goods; services and industry cross national
borders, and obtains an international or global position. It include the integration
of national economies, technologies , culture , governance even values across borders
which help rebuild local cultural model and public relations. It also creates
new chances for many peoples to double their wealth and improve their life standards.
It shows how
the world has “shrunk” and how people, goods and information can be moved
easily around the world.
People in different parts of the world using Made in China Mobiles or driving Made in Japan cars etc this is all about globalization.
Social Impacts
·
Growing inequality and widening Income Gap between the Rich and Poor
·
Increased Awareness of Foreign Culture and Loss of Local Culture
Economic Impacts
·
Improvements in Standards of Living and increased Competitions among
Nations
·
Investment and
Market and increased
exchange of goods and values
·
New regimes of regulation (WTO, NFTA, etc.)
·
Worldwide growth of market oriented societies and employment opportunities
Environmental Impacts
·
Improvements in the use of resources and awareness
·
Negative impact on the environment through global warming which is due
to greenhouse gas discharge which is caused by a growth of industrialization in
the developing world and by a heavy reliance on fossil fuels.
·
Globalization has assisted in improving the use of resources and saving
the environment by promoting growth through development and improving education
Conclusion:
Globalization
is an irresistible reality. World has to experience it willingly or unwillingly.
It has greatly affected human life whether it’s on social level cultural level or
economic level positively as well as negatively.